Companies · Cybersecurity

IronNet Cybersecurity, Inc.

FULTON · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on IronNet Cybersecurity, Inc. — recommendation, valuation, rhythm, risks.
$144.4M
Total raised · real
3
Rounds
2.2×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Mon Jan 27 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

IronNet Cybersecurity, Inc. has raised $144M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the cybersecurity sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 6.4 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Cybersecurity

IronNet Cybersecurity, Inc. is one of 270 Cybersecurity companies tracked from FULTON. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

cybersecurity

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2020-01-27
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2015-08-26 Raised $32M (real) Modeled valuation $1.1B (est)$32M$1.1BSeries B2015Series A · 2015-08-26 Raised $7.5M (real) Modeled valuation $236M (est)$7.5M$236MSeries A2015Series C · 2018-04-20 Raised $66M (real) Modeled valuation $2.3B (est)$66M$2.3BSeries C2018Series B · 2020-01-27 Raised $21M (real) Modeled valuation $730M (est)$21M$730MSeries B2020Series C · 2020-01-27 Raised $46M (real) Modeled valuation $1.6B (est)$46M$1.6BSeries C2020+$7.5M+$66M+$21M+$46MCumulative $173M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$32.5M · 2015
Bridge · Series B-stage$7.5M · 2015smaller follow-on
Series C$65.8M · 2018
Bridge · Series C-stage$21.1M · 2020smaller follow-on
Series C extension$46.1M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$1.6B
Base estimate est.
$178.2M
Conservative case
$4.3B
Upside case
$307.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Series B · modeled $1.1B · 2015-08-262015Series A · modeled $236.3M · 2015-08-26Series C · modeled $2.3B · 2018-04-20Series B · modeled $729.7M · 2020-01-27Series C · modeled $1.6B · 2020-01-272020
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.38×/yr
Annual markup
1.58×/yr upside case
6.0 yr
Elapsed time used
6.4 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$32.7M/yr
Capital velocity
10.9 yr
On record since
2015
First round
5
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 23× above median
This company$144.4M
Sector median$6.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$46.1M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 36× above median
This company$1.6B
Sector median$45.4M

Raised more than 98% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)SecurityScorecard, Inc. · Series C Raised $112.1M · modeled $1.8B (est)Sonrai Security Inc. · Series C Raised $67.6M · modeled $1.2B (est)Ionic Security Inc. · Series C Raised $186.8M · modeled $15.7M (est)IronNet Cybersecurity, Inc. (this company) Raised $144.4M · modeled $1.6B (est)IronNet Cybersecurity, Inc.
CompanyStageRaised · realValue · estvs peer med.
SecurityScorecard, Inc.Series C$112.1M$1.8B1.26×
IronNet Cybersecurity, Inc. this companySeries C$144.4M$1.6B1.16×
Sonrai Security Inc.Series C$67.6M$1.2B0.84×
Ionic Security Inc.Series C$186.8M$15.7M0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$32.5M2015-08-26$180.6M$1.1B85%
Series A$7.5M2015-08-26$34.1M$236.3M85%
Series C$65.8M2018-04-20$438.7M$2.3B90%
Series B$21.1M2020-01-27$117.2M$729.7M90%
Series C$46.1M2020-01-27$307.3M$1.6B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$32.5M2015-08-26
    • First recorded raise — entered as Series B.
    • 4 investors on this round.
  2. Series A$7.5M2015-08-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series C$65.8M2018-04-20
    • Raised again after 32 mo — slower than the ~15 mo sector norm.
    • Round 8.8× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series B$21.1M2020-01-27
    • Raised 21 mo later, in step with the ~15 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  5. Series C$46.1M2020-01-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~13mo cadence
$100.7M
Modeled next size est.range $65.5M$161.2M
2.2×
Last step-up
$32.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Donald R. Dixon3 other2018-04
John M. Keane1 other2018-04
Keith B. Alexander1 other2015-08
Michael J. Rogers1 other2020-01
Ted J. Schlein1 other2018-04
Andre J. Pienaar2020-01
James B. Gerber2018-04
James Elizabeth Gerber2020-01
Jan Elizabeth Tighe2020-01
Jan Elizabeth Tigue2020-01
John Michael McConnell2018-04
John R. Keane2020-01
Michael J. Rodgers2018-04
Scott Elizabeth Alridge2020-01
William Elizabeth Welch2020-01
Registry & provenance

IronNet Cybersecurity, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1611326
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
IronNet, Inc.Other TechnologySeries D+$175.0M$3.7Bnetwork4 shared operators
Pindrop Security, Inc.CybersecuritySeries C$142.8M$46.2Msame sector · same stage
SecurityScorecard, Inc.CybersecuritySeries C$112.1M$1.8Bsame sector · same stage
Ionic Security Inc.CybersecuritySeries C$186.8M$15.7Msame sector · same stage
Shape Security, Inc.CybersecuritySeries C$91.6M$928.1Msame sector · same stage
Secure Community (01-45) LLCCybersecuritySeries C$90.0M$649.0Msame sector · same stage
Lookingglass Cyber Solutions, Inc.CybersecuritySeries C$87.3M$357.0Msame sector · same stage
Secure Tomorrow (01-45), LlcCybersecuritySeries C$82.8M$737.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
IronNet, Inc.Other TechnologySeries D+$3.7B84%
Cybersyn, Inc.CybersecuritySeries C$911.5M83%
Cybernetex Corp.CybersecurityPre-Seed$15.8M82%
CyberWire, Inc.CybersecuritySeed$53.8M81%
Ostra Cybersecurity, Inc.CybersecuritySeries A$11.3M81%
World Infrastructure Network Security, Inc.CybersecuritySeed$15.5M80%
Scope Security, Inc.CybersecuritySeries B$405.3M79%
Cybermanor, Inc.CybersecurityPre-Seed$1.6M79%
Frequently asked
How much funding has IronNet Cybersecurity, Inc. raised?
IronNet Cybersecurity, Inc. has raised approximately $144.4M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is IronNet Cybersecurity, Inc.'s estimated valuation?
Provath's modeled valuation for IronNet Cybersecurity, Inc. is approximately $1.6B (modeled range $178.2M–$4.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is IronNet Cybersecurity, Inc. at?
IronNet Cybersecurity, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Jan 27.
What does IronNet Cybersecurity, Inc. do and where is it based?
IronNet Cybersecurity, Inc. operates in the Cybersecurity sector, based in FULTON.
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